Key facts
- This page summarizes Manish Chawla's Form 4 filing for ASPENTECH Corp (AZPN).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 May 2022, 16:32.
Manish Chawla - 16 May 2022 Form 4 Insider Report for ASPENTECH Corp (AZPN)
- Reporting relationship
- Chief Revenue Officer
- Issuer ticker
- AZPN
- Reported as of
- 16 May 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 18 May 2022, 16:32:06 UTC
- Prior SEC filing
- 20 Apr 2022
- Next SEC filing
- 17 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/F.G. Hammond, attorney-in-fact for Mr. Chawla
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Manish Chawla filed Form 4 for ASPENTECH Corp (AZPN) on 18 May 2022.
Change
- Previous filing in this sequence was filed on 20 Apr 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AZPN
transaction
No Securities Beneficially Owned
Disposed to Issuer
- Transaction value
- Shares
- -9,263
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 16 May 2022
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AZPN
transaction
Derivative
Common Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -10,647
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,647
- Exercise price
- $161.95
- Footnotes
- F1, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Manish Chawla is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
On May 16, 2022, the closing of the transactions contemplated by the Transaction Agreement and Plan of Merger, dated as of October 10, 2021, as amended, among Aspen Technology, Inc. ("AspenTech"), Emerson Electric Co., Emersub CX, Inc., ("New AspenTech") and certain other parties, occurred, pursuant to which AspenTech merged with a wholly owned subsidiary of New AspenTech (the "Merger"). Pursuant to the Merger, AspenTech became a wholly owned subsidiary of New AspenTech.
Footnote F2
At the effective time of the Merger (the "Effective Time"), each outstanding share of the AspenTech common stock (other than certain excluded shares) automatically converted into the right to receive $87.69 in cash (the "Cash Consideration"), plus 0.42 of a validly issued, fully paid and nonassessable share of New AspenTech.
Footnote F3
The option granted at the exercise price of $161.95 vests in 16 equal consecutive quarterly installments on the last business day of the quarter beginning with the quarter ending September 30, 2022.
Footnote F4
Each converted equity award described herein shall be subject to the same terms and conditions (including vesting and expiration schedule, as applicable) as applied to the corresponding AspenTech equity award as of immediately prior to the Effective Time.
Footnote F5
Each AspenTech stock option ("AspenTech Stock Option") outstanding immediately prior to the Effective Time was cancelled and assumed by New AspenTech and converted into the right to receive a New AspenTech stock option ("Converted Option") covering that number of shares of New AspenTech common stock, rounded down to the nearest whole share, equal to the product of (i) the number of shares of AspenTech common stock underlying the corresponding AspenTech Stock Option as of immediately prior to the Effective Time multiplied by (ii) the Aspen Equity Award Exchange Ratio. The exercise price applicable to each Converted Option shall be equal to (i) the exercise price per share of AspenTech common stock applicable to the corresponding AspenTech Stock Option as of immediately prior to the Effective Time divided by (ii) the Aspen Equity Award Exchange Ratio, rounded up to the nearest whole cent.